Got your sights set on management education? Here’s a news flash: It’s just got that much more expensive! Now that the IIM fee-hike jig is done, other major B-schools like MDI, Gurgaon; TAPMI, Manipal; SP Jain and Goa Institute of Management are going the same way as well. End result: Students pay more, wherever they go.
TA Pai Management Institute, Manipal, for instance, has decided to effect a 50% increase in fees for its two-year management course from Rs 4 lakh to Rs 6 lakh (all-inclusive, without food) from the 2008-09 session. “This decision has been taken partly to recover some of the costs incurred by us to set up the new campus. This may even go up to Rs 6.5 lakh from next year,” TAPMI director D Nagabrahmam said.
Management Development Institute, Gurgaon, too is raising its fees: from approximately Rs 6 lakh to around Rs 7.92 lakh for its two-year flagship programme. In fact, MDI director SK Basu said that the institute was planning to increase fees across courses so as to not put the burden on just a particular set of students.
“We have even increased the intake from 300 to 360, with AICTE approval. As a self-sufficient institute, which gets no government grants, this has been done to offset costs, including that of our planned expansion,” said Mr Basu.
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